Black Hills Corp. Announces Upcoming Investor Meetings and Reaffirms Guidance

Rhea-AI Summary

Black Hills Corp. (NYSE: BKH) announced that senior management will participate in several virtual investor conferences in March, addressing the impacts of extreme cold weather on its operations. Key events include the Credit Suisse Energy Summit on March 1 and the Morgan Stanley Energy Conference on March 2. Management will discuss increased energy demand and unprecedented market prices stemming from February's cold snap, particularly affecting its Choice Gas program in Nebraska and Wyoming. Additionally, the company reaffirms its 2021 and 2022 earnings guidance and recent financing activities to enhance liquidity.

Management will address impacts from recent extreme cold weather on its businesses

RAPID CITY, S.D., Feb. 26, 2021 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that members of its senior management team will visit virtually with investors during the following conferences in March:

• Credit Suisse 2021 Energy Summit on March 1
• Morgan Stanley Energy & Power Conference on March 2
• Bank of America Power, Gas and Solar Leaders Conference on March 3
• Mizuho 2021 Energy Summit on March 15 and 16
• Siebert Williams Shank West Coast Utilities Conference on March 18
  

During these meetings, management will address the impacts to its electric and natural gas utilities from the significant increases in energy demand and the unforeseeable and unprecedented market prices caused by the prolonged period of historic cold temperatures during February. Management will also review the impacts from the extreme weather on Black Hills Energy Services, which serves 49,000 customers in Nebraska and Wyoming under the Choice Gas program. This program saw increases in demand that required incremental market-priced purchases of natural gas to meet customer needs.

Management will also discuss its recent financing activity to bolster its liquidity, as detailed in our Form 8-K filed with the Securities and Exchange Commission on February 24.

Black Hills also reaffirms its 2021 and 2022 earnings guidance most recently issued on Feb. 10, and reiterates that management will be available during the March investor meetings to discuss its guidance and long-term growth targets.

The materials produced for these meetings will be available on the Black Hills Corp. website at www.blackhillscorp.com under the “Investor Relations” section prior to the meetings. You can also find on the website additional information regarding the company’s recent financing activity and the extreme cold weather event in its recently filed Form 8-K and Form 10-K with the SEC.

Black Hills Corporation
Black Hills Corp. (NYSE: BKH) is a customer focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.3 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com.

Investor Relations
Jerome E. Nichols
605-721-1171
jerome.nichols@blackhillscorp.com

24-Hour Media Relations Line 
888-242-3969

FAQ

What impact did the extreme cold weather have on Black Hills Corp. (BKH)?

The extreme cold weather resulted in significant increases in energy demand and unprecedented market prices, particularly affecting its electric and natural gas utilities.

When are the investor conferences for Black Hills Corp. (BKH) scheduled?

The investor conferences are scheduled for March 1, 2, 3, 15, 16, and 18, 2021.

What is the Choice Gas program mentioned in the Black Hills Corp. (BKH) press release?

The Choice Gas program serves 49,000 customers in Nebraska and Wyoming, which experienced increased demand due to the extreme cold weather.

What earnings guidance did Black Hills Corp. (BKH) reaffirm?

Black Hills Corp. reaffirmed its earnings guidance for 2021 and 2022, originally issued on February 10, 2021.

Where can I find more information about Black Hills Corp. (BKH) and its recent activities?

Additional information is available on the Black Hills Corp. website under the 'Investor Relations' section, including recent financing activity and the impacts of extreme cold weather.